Asset Allocation and Location over the Life Cycle with Survival-Contingent Payouts

Wolfram J. Horneff, Raimond H. Maurer, Olivia S. Mitchell, Michael Z. Stamos

NBER Working Paper No. 14055
Issued in June 2008

---- Acknowledgements -----

This research received support from the US Social Security Administration via the Michigan Retirement Research Center at the University of Michigan. Additional research support was provided by the Fritz-Thyssen Foundation, the Deutscher Verein für Versicherungswissenschaft, and the Pension Research Council at the Wharton School. Opinions and errors are solely those of the authors and not of the institutions with whom the authors are affliated. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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